Albemarle receives financial reporting honor

Published 5:21 pm Monday, December 18, 2023

The City of Albemarle has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for the city’s annual comprehensive financial report for the fiscal year ended June 30, 2022.

The City of Albemarle’s annual comprehensive financial report has been judged by a panel to meet the standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.

“Receiving this award for the sixth year in a row is proof of the City of Albemarle’s dedication to sound management, transparency, and good stewardship of resources as outlined in the city’s mission statement,” said Jacob Weavil, Albemarle finance director. “We thank the GFOA for recognizing the work of our Finance Department and the entire City of Albemarle as organization to achieve this honor.”

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting.